CREALITY's stock soared 71.17% during its intraday debut on the Hong Kong Stock Exchange, following its initial public offering which saw overwhelming investor demand.
The consumer-grade 3D printing company raised HK$1.27 billion in net proceeds from the IPO, with the final offer price set at HK$18.80 per share. The Hong Kong public offering segment was oversubscribed by approximately 3,829 times, while the international offering was oversubscribed by approximately 27 times, indicating exceptionally strong interest from both retail and institutional investors.
Prior to the official listing, grey market trading showed the stock trading at a significant premium, signaling strong pre-listing demand. The company's position as a global leader in consumer 3D printers and scanners contributed to the positive investor sentiment surrounding its market entry.